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. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a
. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the...
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Dec 1, 2012
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washington has a lot of work to do to avoid the fiscal cliff and fix our debt issues and i'll keep bringing you the lawmakers, economists, and
washington has a lot of work to do to avoid the fiscal cliff and fix our debt issues and i'll keep bringing you the lawmakers, economists, and
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Dec 5, 2012
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cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky is always up for playing political games himself. he's joining us from washington d.c. thanks for coming back inside "the war room." >> it is always my pleasure, governor. >> jennifer: always a pleasure to have you. so let me talk about this debt ceiling issue. because really, as we look at it really, the only leverage that republicans have on the fiscal cliff talks they proceed to be with the debt limit right? so today the treasury department ups the ante by endorsing republican senator mitch mcconnell's summer 2011 provision which, you know, he suggested and it effectively lets the president rai
cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky...
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let's get to this fiscal cliff. the president set a goal of $4 trillion in debt reduction. are there specific ways of reaching that figure that both of you might agree on? >> well, you know i think one compromise i can agree with democrats on is that we need to cut some military spending. i think the compromise is conservatives like myself who think that national defense is important, should cut on military spending, and cut on some social welfare spending. i think that compromise could get the spending cuts. >> here is the question, both sides are going to have to compromise beyond defense spending. is there anything you see supporting? >> mostly has to be on the spending side. we used to spend 20% of gdp. we're now spending 25% of gdp. federal spending has gone up at an alarming rate in the past four years. and when people say we have to raise taxes on rich people, one there is not enough money and you often find when you get rai to raising rates, you get less revenue. and when you lower rates you get more revenue. >> what do you make of tom cole's proposal that republica
let's get to this fiscal cliff. the president set a goal of $4 trillion in debt reduction. are there specific ways of reaching that figure that both of you might agree on? >> well, you know i think one compromise i can agree with democrats on is that we need to cut some military spending. i think the compromise is conservatives like myself who think that national defense is important, should cut on military spending, and cut on some social welfare spending. i think that compromise could...
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Dec 7, 2012
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he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused not on cutting spending but on raising daxs and revenues with the only question being which taxes, how much revenue, then obama wins. now if obama succeeds in making the argument not about his spending, but about grover norquist, he wins there, too. for republicans, on the other hand, if they can figure out a way to refocus the debate on spending, they win and the country wins. we can't kid ourselves that's correct is not easy to do. obama has the biggest microphone in the land and he also has the media in his hip pocket. all the gop has is control of the house. now it's
he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused...
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Dec 4, 2012
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. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era tax cuts, even as the boehner budget slashes $1.2 trillion in spending, half of it from medicare, medicaid, and other social programs. it is a lump of coal delivered by the republican reindeer to the vast majority of americans. as for new revenues, they have reached in santa's sack for that old favorite. they plan to raise $800 billion by closing loopholes and deductions. only one problem a problem that flummoxes no less than mitt romney and paul ryan throughout the campaign, a problem as real today as it will be tomorrow -- the math. as the president explained in his f
. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff,...
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Dec 3, 2012
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the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie: all right. >> caller: the fact of the matter is simply this. timothy geithner proposed a bu
the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't...
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Nov 29, 2012
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. >> eliot: hidden among all this talk of the fiscal cliff-austerity bomb being covered in horrendous and tedious detail by every cable station is a potentially more dangerous accounting deadline. the debt ceiling. and yes this is deja vu all over again. but i have a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government shutdown be concluded only to be held hostage again when the republicans then refused to raise the debt ceiling without getting additional concessions. it was as congressman welch said it was professional malpractice not to wrap the debt ceiling into the first round of negotiations. so don't do it again. the debt ceiling will necessarily and inevitably be hit and breached early next year. yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary
. >> eliot: hidden among all this talk of the fiscal cliff-austerity bomb being covered in horrendous and tedious detail by every cable station is a potentially more dangerous accounting deadline. the debt ceiling. and yes this is deja vu all over again. but i have a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government...
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>> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be higher in some areas like long island. but i'm not telling to tell somebody making $130,000 won't get a tax cut until somebody at $300,000 gets theirs. let's just vote today, tomorrow o a bill to give people a tax cut up to the $250,000, we offered a discharge petition. we need 40 republicans to sign that petition, get this out to a vote, put brakes on going over the cliff. >> congressman, thank you. >>> next, hillary can, but will she? stay with us. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own w
>> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax...
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Nov 29, 2012
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we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? republicans and democrats sparring over how to avoid a fisca cliff. potential disaster that they created. >> and a clear majority of americans. not just democrats, ut also a lot of republicans and a lot of independence agreed we should have a balanced approach. >> we all know that we have had this been in crisis coming at us like a freight train. it has to be dealt with. lou: 33 days to go. n the president and congress fix the mess they have reated? the "a-team" joins us. washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine
we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? republicans and...
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cliff and put it in place a comprehensive debt deal to deal with our country's fiscal challenges. the message they bought was we do not want you to go off the cliff. we do not want to bet the country. we want you to fix the country. we had a number of productive meetings in the past couple of days at the white house and leadership with the house and senate. and the first of house and senate members. we have come back pleased that we have been able to deliver the message of how the are so many people with different backgrounds and political points of view and life experiences who believe this is a critical moment for the country and a test for the country. but we are asking the members of congress to do is come together and take on these challenges, work together and put in place a plan for the good of the country. it is not about special interests. it is about public interest. this is a message dated first group of folks -- a diverse group of folks can deliver. on the campaign to fix the debt, i am so thrilled with what has happened in the past couple of months where what was an i
cliff and put it in place a comprehensive debt deal to deal with our country's fiscal challenges. the message they bought was we do not want you to go off the cliff. we do not want to bet the country. we want you to fix the country. we had a number of productive meetings in the past couple of days at the white house and leadership with the house and senate. and the first of house and senate members. we have come back pleased that we have been able to deliver the message of how the are so many...
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here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie: here's a fun fact. co-wrote ten of the album songs. who is so handsome and rowic and talented. >> thank you. >> don't be a jerk dates from 2009. the joe wilson thing was happening. it just seemed like rudeness and you know, the lack of manners and civil discourses breaking down. you know, my cowriter, andy and i came up with this phrase, how about a song don't be a jerk, it's christmas. it wasn't jerk as you know, stephanie. it begins with a d and ends with a k and ends with flick but -- >> stephanie: yes. >> three years later it is a whole spongebob christmas album where we have a whole bunch of other songs. one done in street corn
here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie:...
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Nov 30, 2012
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if not, we are going to block the fiscal cliff. we have seen this before. we have seen this way before. we saw once with t.a.r.p., where panic was created, you had to vote for something. then we saw last year on the debt limit. so i think what the president is trying to do, they think they can run up right before christmas and then everybody will cave and the problem is the can will get kicked down the road and what would we do? lou: thank you very much, congressman devin nunes. good luck in averting what would be a tragedy for the country. up next, u.n. ambassador susan rice. she appears to be a very savvy investor. coming up tomorrow, joe trippi joins us. kris kobach on illegal immigration and fleet commander admiral james lyons. we are talking about benghazi. that is tomorrow. stay with us. the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little
if not, we are going to block the fiscal cliff. we have seen this before. we have seen this way before. we saw once with t.a.r.p., where panic was created, you had to vote for something. then we saw last year on the debt limit. so i think what the president is trying to do, they think they can run up right before christmas and then everybody will cave and the problem is the can will get kicked down the road and what would we do? lou: thank you very much, congressman devin nunes. good luck in...
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Dec 4, 2012
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or that there might be a deal on the horizon to avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is really ticking in washington. ticking against a deal. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a ton of time this weekend hanging with old college chum grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which
or that there might be a deal on the horizon to avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is really ticking in washington. ticking against a deal. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems...
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Nov 30, 2012
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i think this is the first of many fiscal cliffs to come, if you will, much like debt ceilings of the 1980s. i think most investors have already done what they need to do for the fiscal cliff. it is called diversification. beyond that, i think they should focus more on what's going to be left after the cliff -- >> where can you hide? where can you diversify away from the fiscal cliff in minibonds? that's boring! >> well, i think you're sufficiently diversified. everyone should own a little bit of everything, stocks, bonds, commodities, overseas markets as well as domestic and real estate. and that's good enough. but i think if you do much more than that in anticipation of this, i think you're going to do yourself a disservice. i think it is better to focus on what we're going to return to very quickly after the end of this month or maybe a couple weeks into january and that's the fundamentals on the ground. they to me are looking better and better. >> you're a rich, successful guy. you're probably the mayor of minneapolis de facto. right? you got gold bars stashed in your garage out b
i think this is the first of many fiscal cliffs to come, if you will, much like debt ceilings of the 1980s. i think most investors have already done what they need to do for the fiscal cliff. it is called diversification. beyond that, i think they should focus more on what's going to be left after the cliff -- >> where can you hide? where can you diversify away from the fiscal cliff in minibonds? that's boring! >> well, i think you're sufficiently diversified. everyone should own a...
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Dec 6, 2012
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host: the president yesterday spoke about the debt ceiling and is tied to the fiscal cliff negotiations. [video clip] >> i have to tell you that is a bad strategy for america, a bad strategy for our businesses, and it is not a game that i will play. most of you were involved in discussions and watched the catastrophe that happened in august of 2011. everybody here is concerned about uncertainty. there is no uncertainty like the prospect that the largest economy that holds the world's reserve currency potentially defaults on its debts, that we give out the basic notion that the united states stands behind its obligations. we cannot afford -- host: whil"the wall street journal." guest: the president does not want to negotiate with the republicans on the debt ceiling. that is like giving a son or daughter a credit card to do with it as they want freely. i think the president has to admit that both sides have tried to break measures and legislations to the table that would reduce the debt ceiling. the president -- look at how the deficit has quadrupled since he has been in the white house a
host: the president yesterday spoke about the debt ceiling and is tied to the fiscal cliff negotiations. [video clip] >> i have to tell you that is a bad strategy for america, a bad strategy for our businesses, and it is not a game that i will play. most of you were involved in discussions and watched the catastrophe that happened in august of 2011. everybody here is concerned about uncertainty. there is no uncertainty like the prospect that the largest economy that holds the world's...
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Nov 30, 2012
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cliff. >> well, i understand that, martin, and you understand that, and democratsened that, and the president understand that, but for some reason the fact of the lex and the fact of the fiscal cliff don't seem to penetrate the republican mind in congress, and that is going to be unfortunate for republicans because most of americans, the polls show, will blame the republicans if, in fact, their tacks go up january 1st. that's the big issue. who is going to get blamed? i have been at this game for many years. i remember when newt gingrich played the game of chicken with bill clinton and the question was who is going to get blamed? well, it was the republicans, and it was newt gingrich. and it look as though it's going to happen once again. republicans in the house especially are going to be blamed, and that means bad news for republicans not only over the next couple years but also in -- well, really over the next several elections. we don't even have to limit it to the next election. >> dr.
cliff. >> well, i understand that, martin, and you understand that, and democratsened that, and the president understand that, but for some reason the fact of the lex and the fact of the fiscal cliff don't seem to penetrate the republican mind in congress, and that is going to be unfortunate for republicans because most of americans, the polls show, will blame the republicans if, in fact, their tacks go up january 1st. that's the big issue. who is going to get blamed? i have been at this...
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Nov 29, 2012
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let's get to the so-called fiscal cliff. the president has set a goal. $4 trillion in debt reduction over the next decade. are there any specific ways of reaching that figure that both of you might agree on? >> well, you know, one compromise i can agree with democrats on, we need to cut military spending. so i think the compromise is conservatives like myself who think national defense is very important should compromise on military spending and liberals should compromise on entitlements and social welfare spending, that compromise should get to spending cuts. >> here is the question, though. both sides are going to have to compromise, beyond defense spending, any other compromise you could see you supporting? >> mostly has to be to me on the spending side. we used to spend about 20% of gdp. now spending 25% of gdp. federal spending has gone up at an alarming rate in the last four years. people come to me and said say we have to raise taxes on rich people. one there, is not enough money. two, when you raise rates, you get le
let's get to the so-called fiscal cliff. the president has set a goal. $4 trillion in debt reduction over the next decade. are there any specific ways of reaching that figure that both of you might agree on? >> well, you know, one compromise i can agree with democrats on, we need to cut military spending. so i think the compromise is conservatives like myself who think national defense is very important should compromise on military spending and liberals should compromise on entitlements...
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Dec 6, 2012
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fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally ahead in a poll. boner is like a slug there is a bright orange trail of cheat toe dust and bronzer leading from his office. >> stephanie: okay. here you go. >> so many people are going to part-time work and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everything for y
fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally...
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Dec 4, 2012
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if i'm not wrong, this so-called fiscal cliff was created by legislation that was passed as a result of the debt crisis a couple of years ago. >> stephanie: that's right. >> caller: this is where obama snookered the republican party. >> stephanie: yeah. >> they agreed to this. >> stephanie: we said that at the time and we still got downgraded because of the republicans, but you are absolutely right. >> caller: yes and grover norquist on sunday on david marshmallow's show, said that obama was going to take us over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >> caller: and i think the people that shout the loudest don't speak for even the majority of gun owners and i think there is this trained p
if i'm not wrong, this so-called fiscal cliff was created by legislation that was passed as a result of the debt crisis a couple of years ago. >> stephanie: that's right. >> caller: this is where obama snookered the republican party. >> stephanie: yeah. >> they agreed to this. >> stephanie: we said that at the time and we still got downgraded because of the republicans, but you are absolutely right. >> caller: yes and grover norquist on sunday on david...
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Nov 30, 2012
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billy cunningham, we're coming up against -- >> sean, what's wrong with the fiscal cliff that obama designed? this is obama's fiscal cliff. if the republicans cave, we'll have a fiscal cliff in about three or four years that's going to be the grand canyon. we're going to go collapsing. it's going to be awful. >> sean: i agree with you. >> we got to fight like william wallace in "brave heart." fight for america. we can win it in the next 30 days. >> sean: i'm with you. leslie, seriously, why can't we have some significant spending cuts now? the president, first of all, said he only wanted $800 billion when he was running, now he's doubled it, but there's no cuts. government can't find waste, fraud, abuse, cut back on their intoxication and power grab with spending? >> i agree that medicare is one program that has a lot of fraud. quite frankly the president has been very clear that they're going to be -- >> sean: when? when? >> democrats and republicans will have to suck it up. when you guys call caving in, i call compromise. >> sean: republicans compromise, cave, and -- >> we're not violating
billy cunningham, we're coming up against -- >> sean, what's wrong with the fiscal cliff that obama designed? this is obama's fiscal cliff. if the republicans cave, we'll have a fiscal cliff in about three or four years that's going to be the grand canyon. we're going to go collapsing. it's going to be awful. >> sean: i agree with you. >> we got to fight like william wallace in "brave heart." fight for america. we can win it in the next 30 days. >> sean: i'm...
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quite frankly, some people in this 2% who call me, they're more worried about the fiscal cliff than they are about rates going up a couple of points." congressman thomas rooney of florida said, "if there are truly real entitlement reforms that are going to be preserve social security and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to go up, ed. it's a matter of simple math, as the president h
quite frankly, some people in this 2% who call me, they're more worried about the fiscal cliff than they are about rates going up a couple of points." congressman thomas rooney of florida said, "if there are truly real entitlement reforms that are going to be preserve social security and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a...
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Nov 30, 2012
11/12
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FBC
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president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what...
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Dec 1, 2012
12/12
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MSNBCW
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. >> see, the consequences of the fiscal cliff are real. from a politicaler speck tiff, president obama is holding all the cards here. if he does nothing, the push area tax cuts expire, raising revenue. spending cuts will bring down the debt and possibly help secure social security and medicare. apparently, the president this is that he is making an offer republicans can't refuse. joining me at table is msnbc contributor, joy reid. cnbc contributor, dan dicker and laura flanders, the host and founder of grittv.org. thanks to all of you for being here. >>> is this, in fact, a new president obama. is the kind of negotiating tactics we are seeing now something that wasn't happening in the first term? >> i want to see that seventh head. i'm really looking forward to that. i love this whole don core leone thing. i know this was one of those things. apparently, they got in touch with a dog food factory. i will put that one aside. >> i don't think anything the administration is doing this time is going to get them on that case. i do think this rep
. >> see, the consequences of the fiscal cliff are real. from a politicaler speck tiff, president obama is holding all the cards here. if he does nothing, the push area tax cuts expire, raising revenue. spending cuts will bring down the debt and possibly help secure social security and medicare. apparently, the president this is that he is making an offer republicans can't refuse. joining me at table is msnbc contributor, joy reid. cnbc contributor, dan dicker and laura flanders, the host...
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Dec 7, 2012
12/12
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MSNBC
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congressman chris van hollen joins me on all of the latest fiasco surrounding the fiscal cliff. stay with us. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> president obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna genteel-o'donnell will weigh in on that tonight. >>> the ceo of apple makes a big announcement about the future of the company's products. e.j. dionne on the political impact of that later. we'll be right back. oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can h
congressman chris van hollen joins me on all of the latest fiasco surrounding the fiscal cliff. stay with us. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move...
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Nov 29, 2012
11/12
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CSPAN
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about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and another person walking out. we're going to move onto william in maryland on our republican line. hi, william. caller: gorn. i love watching c-span, i'm a first time caller. host: welcome. caller: thank you. i'm not the greatest at this, but i can tell you as an african-american republican, who is a home owner association's president for his community of 339 homes, and someone who works in security, and someone who volunteers at least 40 hours a week on his community, there is a issue with us as americans and picking up slack. we put too much on the federal government to do. we as people need to stand more for each other and help each other. and i guarantee you if we took the money out of the politics, and we as the people stood together with one another and helped each other as in the c
about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and another person walking out. we're going to move onto william in maryland on our republican line. hi, william. caller: gorn. i love watching c-span, i'm a first time caller. host: welcome. caller: thank you. i'm not the greatest at this, but i can tell you as an...
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dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p down downgraded jack daniels and vodka, you know, allen hamilton in the third quarter, cairn vol, all borrowed to issue special dividends, and really interesting story is costco, the ceo has been out there saying americans have to pay their fair share and sacrifice. you know, a big supporter of the president. he's saving $4 million on the special dividends costco has advance of the tax hikes. the board saving about $8 million on a $29 million dividend they get early. this is the companies on the radar screen. not, you know, just for that, if you are out there saying, yes, america should pay the fair share
dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p...
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Dec 7, 2012
12/12
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MSNBC
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congressman chris van hollen joins me on all of the latest fiasco surrounding the fiscal cliff. stay with us. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, in
congressman chris van hollen joins me on all of the latest fiasco surrounding the fiscal cliff. stay with us. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as...
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Nov 29, 2012
11/12
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CNBC
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reduction, alice rivlin will join us to bring some sense into this discussion about the fiscal cliff. do you think you can make 12% in this market next year? we're also going to talk more about tiffany. can you make money on tiffany here? >> six stocks in 60 seconds, talking retail today and target specifically. >> the stock should be down to 60, if you really believe stock is bad. this is the surprise of the morning. >> what's new on taser. the gun trade, they don't like taser and taser's not lethal. cabelas is my play there. >> tim kin, i visited with him just a moment ago. the shareholder want -- give me a break, go to their foundry, you can't separate the two. >> and ppg. >> on the whole, ppg is the best run company in the world. >> and carmax. >> there are not a lot of new cars, this is a sandy trade. >> kohl's says it was an online christmas. you can't buy in the stores? you buy from amazon. i'm liking amazon so much, deep in the money calls, please, because you have comfort on the down side. >> we're going to be watching d.c. a lot today. we know geithner's meeting with congre
reduction, alice rivlin will join us to bring some sense into this discussion about the fiscal cliff. do you think you can make 12% in this market next year? we're also going to talk more about tiffany. can you make money on tiffany here? >> six stocks in 60 seconds, talking retail today and target specifically. >> the stock should be down to 60, if you really believe stock is bad. this is the surprise of the morning. >> what's new on taser. the gun trade, they don't like...
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Nov 29, 2012
11/12
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CSPAN
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eastern on c-span. >> the authors of the simpson- bowles debt reduction plan talk about the fiscal cliff and choices facing congress. both alan simpson and erskine bowles have emphasized the need for revenue increases and entitlement reform. they have urged congress to reach a compromise. this is hosted by the "christian science monitor." >> here we go. our guest this morning are erskine bowles and senator alan simpson, a co-chairman of the national commission on fiscal responsibility and reform and co-founders of the campaign to fix the debt or as the new york times called them this morning, the debt duo. their last joint appearance with us was in november of 2010. let me thank them both for a much for coming back. we're all trying to fix the nation's fiscal woes. erskine bowles is president the university of north carolina. he also had a career in investment banking and venture capital. the team in washington in 1993 service director of the small business administration and was later mentioned -- named chief of staff to president alan simpson clintonala followed his father's footsteps
eastern on c-span. >> the authors of the simpson- bowles debt reduction plan talk about the fiscal cliff and choices facing congress. both alan simpson and erskine bowles have emphasized the need for revenue increases and entitlement reform. they have urged congress to reach a compromise. this is hosted by the "christian science monitor." >> here we go. our guest this morning are erskine bowles and senator alan simpson, a co-chairman of the national commission on fiscal...
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Dec 4, 2012
12/12
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CNBC
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our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health savings, net savings add up to about $2.2 trillion over ten years. boehner called the white house's original offer la la land and it does appear that even
our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out...
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Nov 29, 2012
11/12
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. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bonds. bond spreads have tightened, but investors still being paid on a reasonable basis. we have structured products like clos. >> do you care if we go over the cliff? >> it's a concern, but i think it's actually not that much of a concern to me, no. >> so it's okay? >> we look at the fundamentals of companies when we invest and the fundamentals of companies are very strong. probably will affect the stock market m
. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to...
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Nov 29, 2012
11/12
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CNNW
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. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their plans of first big negotiations get under way with treasury secretary tim geithner headed to capitol hill for separate meetings with congressional leaders. we'll have much more on "starting point" as well. >> and best advice before we go, too. don't go away. ♪ ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. with scottrader streaming quotes, an
. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their plans of first big negotiations get under way with treasury secretary tim geithner headed to capitol hill for separate meetings with congressional leaders. we'll have much more on "starting point" as well. >> and best advice before we go, too. don't go away. ♪ ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head...